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Search Results 0 to 25 of about 26 (some duplicates have been removed)
of pakistan's neighbors, and i think of india. what do you make of india's stopping that ship? all we know right now is that they found, like, 60,000 pounds of sugar. they are still looking at it, but what do you make of india stopping that north korean ship? >> india is imposing the security council resolution, and i think it is a very positive sign. india has been very cooperative with us, and they had very many parallel interests with respect -- they have a very many parallel interests with respect to terrorism and with respect to the nuclear danger -- they have very many parallel interests. greta: am i wrong to be suspicious that north korea might have been being a little coy? because sending that ship off in the direction that they did, knowing that someone was likely to stop it, and having 16,000 tons of sugar sort of makes the stopping country look, well, wrong, for one. >> nobody knows what the north koreans have on the ships. if north korea, a country that has no significant economy, that has no close relations with any other country in the economic field, if they can get away wit
looking at 8% this year. >> this year. so maybe up to 9, maybe -- >> well,. >> and india is doing the same, do you think or is that -- >> i don't know. mi far less familiar with what is going on. but i think having had the election in india which the first time has given them a pretty strong mandate in the government, i think they will be able to move ahead much more easily than in the past where there have been so many political factions fighting to try and be on top of things. so i think india has the ability now to get into much stronger position than it was in beforehand. >> most people look at india and china as leading the economic recovery. and perhaps brazil coming in and then the united states and they see europe lagging. >> well, i would agree with you about this. china, india, brazil. i think they are already showing it. they are already goinging that far. 9 united states knew far better than i how things are going. but you still see both in the united states and in europe news of job layoffs and although the financial sector seems to be in less bad shape, let's put it that way,
,. >> and indias doing the same, do youhink or is that -- >> ion't know. mi far les familiar with what is going on but i think havi had the election inndiahich the first time has giv them a pretty strg mandate in the governmenti think they will be able to move ahe much me easily than in the past wre there have been so many political factions fighting to try and be on top of thing so i think india hashe ability noto get into much stronger position than it was in befehand. >> most people look at india and china as leading the economicecovery. and perhaps brazil coming i and then the united states and they see eure lagging. >> well, i wouldgree with yoabout this. ina, india, bzil. i thi they are already showing it. they a already goinging that far. 9 united states knew far better than i h things are ing. but you still see bo in the united stas and europe news of j layoffs andlthough theinancial sector seems to be in less bad shape, let's put it that way, the realconomy, one hopes against hope that things a going to look better. but you still kee reading about job layoffs. and until that allyurns,
this year. dell hopes china and india will drive revenue growth next year. it looks like we are up big on those earnings reports. good news there. dell enjoying nearly 8.5% higher. hank greenberg tells cnbc that there's no truth that he's leading a grew buyback for aig. aig rose 26% on tuesday on reports of reaching out to determine how to run the company. well, you can get more news, videos and blogs online at cnbc.com. ross. >> still to come on today's program, as well, deflation unemployment hit record highs in japan. we'll assess the likelihood of the land slide victory and what it means to investors. the u.s. economy that long 1% in the second quarter, unchanged from our initial estimates. from post party sickness syndrome? there's a revolutionary cure. it's called cascade all-in-one actionpacs. and it's like adding the ultimate button to your dishwasher. because it has the power to pre-wash... dissolve... and rinse the whole mess away. so in the morning your dishes will feel like new again. and so will you. cascade complete all-in-one actionpacs. >>> okay. we've got the global up
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
this market. and the sensex in india, only market trading on the up side right now, up 0.3%. overall, a weak picture here in terms of crude oil and nymex crude. down 21 cents. concerns about global demand weighing on this, nymex, $71.22 a barrel. brent is falling, as well, down 30 cents, $71.35 a barrel. mike, good to see you. how are the futures looking today? >> good afternoon, christine. good to see you, as well. and the futures at this point are looking like the dow is going to shoot for straight eight with seven consecutive days tying its longest win streak of the year. it looks like we could have a mixed open at least in about 5 1/2 hours time from now. moving on to the treasury market on the back of another relatively successful auction yesterday of two year notes and ahead of another auction today of seven year notes, we do see the bund yield creeping up at 3723%. yesterday, the price went up just a little bit on the benchmark ten year t-note and the yield came down and that trend is continuing, although it's basically unchanged with yesterday's close right now at 3.43%. and then mov
countries, brazil, india, russiaa, china. russia is still one of the ones you want to be invested? i recognize as oil goes higher it's positive but russia was sort of the outlier there for a little while. >> i'd say we're most focused, you know, at morgan stanley investment management we have an investment emerging markets portfolio manager rushi sharma. i agree with him. we very much like the india story. i'm probably a little more positive on brazil. but we want to stay in the big liquid countries. and we also have a positive bias toward some of the smaller countries where we're seeing catch-up, things like turkey. but there's a lot of interesting things going on in the u.s. versus global. take china versus the u.s. right now. china's financials are trading at almost three times book. the u.s. financials are trading at one times book. and in the near term i think the chinese banks will continue to do well, but ultimately they're going to participate price the way u.s. banks did from excessive lending along the way. there's going to be opportunity we do long, we do long short, and t
is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that artificial industry. we're reaching levels of absurdit
's partnership with history which has managed to india the corporate culture even today. unfortunately, although some people would disagree, i think regulators need to get more involved. and having a system whereby a group of bankers is essentially free to develop as fast as they went to the degree that they want with very little external oversight, journalists and regulators and politicians and somehow hope that they will, through sheer goodness of spirit and collective rationality, will keep their activities in check and not go mad, is naive. baking is too important to be left to bankers alone. if the people who run nuclear power plants were paid kilowatt of energy they pump out, so you have to pump out as much as they can and the more they pump out, the more successful they look, it would be over by now. we need to look in banking to other kinds of activity and ask what lessons we can learn about risk control. one of the ironies that everyone talks about, financial engineering, if you are actually an engineer building bridges, you talk about things like safety margins, risk, your talk to deba
're also positioned around the world in india, china, mexico, et cetera, very well. so i like our balance, i like our hand, erin if i think this quarter was a good step in the right correction. >> all right. mark haines is looking forward to many years. >> it will be fun, mark. erin, good to talk to you again. >> good to see you, john. >> made me sound like a terrier who won't let go of the bone. >> it's your job, mark. it's a compliment. >>> up next, the faber report, starring the man named as the sexiest business reporter. >> oh, yes. >> by "business insider." david pouring overcome cast and directv results. >> and later, your cnbc edge, hang tight through the correction, there will be a rally on the other side of the rainbow. ♪ ♪ (tucci) count on the nation's fastest 3g network. at&t announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 es 350. >>> you're watching cn
in india what's your game plan there. >> first of all, we explored how we could work together. the reality is that we didn't get a. agreement on, you know, vj's price expectations. having said that, we pass a very good friend. i think he admires our portfolio. i have a huge respect for his business. but today, nothing with all discussions. >> paul walsh, thanks so much for joining us. we appreciate it. >> thank you. >>> all right. let's check those futures once again for you. we're just kind of hashing around here close to fair value. dow supposed 1.20. right around fair value. no big deal at the open unless something changes dramatically. >> something exciting could happen. >> yeah, you never know. >> never know. >> someone can issue a press release or make a statement and we could be -- >> we could try and do something exciting. >> -- off to the races. >> we might have something really exciting planned. no, okay. anyway. >> i don't think we have anything planned. anyway, time to get the word on the street. here on the floor is warren meyers, cnbc market analyst, pepperdine, hardest worki
seng fell 2 1/2%. shanghai composite down 2.9%. india's bombay sensex is down. guy? >> narc, the get go of the session, we were in negative territory. you follow what happened in asia. payroll has changed that all around. you are seeing the futures numbers. you can see it as we speak acro across europe. we've now got most of the main markets trading in positive territory. let me show you the spike we got in the stoxx 600. this is the story, instantaneous reaction to that number. stoxx 600 is trading at a session high here in europe. we are up by 1%. as you can see, most of the morning spent in negative territory. let me talk about some of the stories that aren't moving the market over on our side of the pond. royal bank, very negative today. much more negative than anticipated. it missed on the metrics today with its figures. the real thing that struck the market, though, was the comments that came out of steven, the ceo. i spoke with him first thing this morning. he was much more cautious than lloyd was earlier on this week. he is talking about two years at least in terms of getting th
over opec. it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the right answer. >>
for a hearing. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 pou
. now asia is producing for asia. because we have this very big market of china.a. we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of fruits from the philippines, and that is for the consumer economy. >> i want to get your take with regard to what's happening in regard to rice. a couple of years ago we saw rice prices soar. how do you avoid a situation like that happening again? >> well, we've learned a lesson. the economics of rice has changed. because you know, like the philippines, we are -- rice is our staple. we really eat rice all the time and in big quantities.s. but our country is an ark pell ago with lots of mountains and we don't have great plains l
is to say european union, china, japan, maybe in the future brazil, india and so on -- as long as they are not on the ft a-list and the fta program is marginal, then you have the doha round centraltrality o agriculture to it is very important to poor countries and i think ranchers and farmers have the right to say their industry is more limited and restricted by foreign barriers. agriculture is 8 to 10 american exports. it's not going to grow even if there was an successful doha round. if the administration goes to the public and says we want to make a big push for doha at least as it is and for these three ftas, the public will say the president is a smart guy, i can trust him, it's got not much to do with me. and given that trade is a disadvicive and difficulty in the party, if the administration will push trade and spend political capital on it it needs to have a somewhat different agenda that will do more for america as anconomy and do more for our national security goals as a nation. and let me give, i think, three points from my paper that i would like to see.90 one is we
report to hit land based targets, could be a threat to india. the action may mean new tensions between the u.s. and pakistan over the weapons development and could trigger an arms race with india the u.s. tried to end and pakistan denies this accusation. well, presidents, family and friend gave a final farewell to senator ted kennedy at a two hour service at the bah celica of our lady of perpetual health in boston. one of the; is that right's sons, ted kennedy, jr. remembered his dad. >> he said, teddy, republicans love this country just as much as i do. and one of those wonderful experiences that i will remember today is how many of his republican colleagues are sitting here right before him. that's a true testament to the man. >> the senator's final resting place is at arlington national cemetery next to his brothers, robert and john f. kennedy. an autopsy of celebrity disc jockey dm. more tests are planned. remembering the last time he was heard from 1 a.m. on friday when he sent a text message to two budies planning a trip to legislation. he was found dead with a crack pipe and a h
of an impact on india where they consume huge amounts of sugar. in this country, first of all we pay twice the world price anyway because of the interference of the united states government. >> i love that. yeah, great. >> industrially, you know, processed foods, most of them switched over to high fructose corn syrup decades ago anyway. >> it's not you pouring sugar on those strawberries over there. >> that's minor. >> i love sugar. >> on the strawberries? >> major sugar person. there you go. i like splenda on my strawberries. >> spenda? >> i love it. tastes just like sugar. it's great. tastes just like sugar. >> i'll give eight shot. >> all right. >>> coming up, wild moves in a handful of stocks this week. following that trade, following the momentum plays and getting your money ready for the weekend. >>> and stay tuned to meet a small business owner who is beating the big boys at their own game. the owner of a local hardware store is seeing a boost in profits, even hiring in this economy. our small wonder series kicks off in just minutes. you're watching "squawk on the street." reading a
what is at the center of the multi-lateral system. g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just
composite gained 1.7%. on top of 4 1/2% the day before. india's bombay sensex up 1 1/2%. guy johnson, what's happening in europe? >> mark, we are trading higher. i just want to point out that it is on staggeringly like volume. nobody is out there. just take a look at the clips going through the european market are incredibly light at the moment. so when you look at what you're seeing here on the screen, you've got to bear that in mind. i kind of want to walk you around europe and talk about the stories we're watching. in london, justice blackburn ruled today that english courts do not have the jurisdiction to force creditors of lehman europe to accept the wind-up for them. that's highly significant because pwc, pushing through that wind-up order, now says that it could take a decade town wind the assets of lehman europe. bear that in mind when you come up this anniversary which we're rapidly approaching of the lehman collapse. let's go over to germany where all the talk is about what happens with gm europe, opel. talk is this board meeting taking place today with gm. the indications are th
manufactures, way better than expected. pre-bear. and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of
, but he can be in the left this out than why our contractors from india dressed as civilians along the afghani /iranian border building roads. why did he leave that out? people need to wake up in this country and what these people are all about. thank you for allowing me to speak my word. host: margaret on the republican line. caller: good morning. thank you for taking my call. i have a question regarding the health care debate. all of our representatives in alabama are republican and i have been waiting for them to have a town hall meetings so that we can join in the debate. i have heard nothing. i had written to our representative and the only response i get is that they are opposed to the president's plan, but there is nothing about what republicans proposals are to do something about the cost of health care. i would like for someone to challenge the republicans to find out what it is they are proposing we do about the rising cost of health care. host: next comment comes from vermont this is ron on the democrats' line. caller: i believe that more science needs to be put into thi
Search Results 0 to 25 of about 26 (some duplicates have been removed)